Wellness Financial News

technical analysis, I often seek stock insights from my technical analyst friends. I like to know which stocks they’re bullish on and then apply my fundamental filters to them. Recently, one of my technical analyst friends expressed strong bullish sentiments about Shriram Properties, going so far as to predict it could become a potential 10-bagger.

Conservationists say regulators failed to properly assess water supply impacts.

NEW DELHI: The Union Budget 2024-24, presented on 23 July in Parliament, streamlined taxation of most financial assets—but not real estate. Taxation rules for real estate are still the most complex among all financial assets.

The SEC has reached a settlement with a New York-based registered investment adviser, which agreed to pay more $1.8 million over allegations that it failed to enforce adequate policies to prevent insider trading.

fintech industry is grappling with issues around stagnating private market valuation and a slowdown in venture funding, the stock price of insurance marketplace Policybazaar’s parent has been on a tear. At close of trading Monday, PB Fintech had a market capitalisation of $9.8 billion. Its stock price has crossed Rs 1,800 — closed 8% higher at 1,819.90 on the BSE Monday — compared with around Rs 1,000 six months back. A strong financial performance, with two quarters of net profit, steady revenue growth and expansion in new insurance premium collection business, is making the Gurugram-based company an attractive investment option.

A Greek-flagged tanker repeatedly attacked by Yemen’s Houthi rebels in the Red Sea remains ablaze but hasn’t sprung a major oil leak in the waterway

central government's Unified Pension Scheme (UPS), becoming the first state to do so and just within 24 hours of Modi government's announcement. The move by the Maharashtra government comes hours after employee unions demanded states to implement the newly approved scheme by the Modi government, which will take effect from April 1, 2025. The poll-bound state has over 13.5 lakh employees, as per a TOI report.

US Presidential Elections 2024 is turning out to be a major political battle between Kamala Harris and Donald Trump, even though the latter was in the race much longer the reigning VP was. Trump's aura in this current US elections campaign has been much more dominant and brutal than the Democrats, something that has been the reason of Biden pulling out of the poll race midway.

Nari Hira, the founder and editor of Stardust Magazine, passed away on August 23 at age 86. Known as a significant figure in the Indian media industry, Hira pioneered in publishing popular magazines and ventured into film production, leaving a lasting impact on the media landscape. Hira's family expressed their deep sorrow in a statement, «It is with deep sorrow that we share the news of his passing, a pioneer in print media, a family man and father beyond compare, he leaves us behind heartbroken in his absence.» Born in 1938 in modern-day Karachi, Hira and his family moved to Mumbai following the partition in 1947. He started his career as a journalist in the 1960s but shifted focus to publishing, where he earned the moniker 'King of Indian Magazines.'

After Jen Roche, the architect of last year’s rebranding of the giant broker-dealer network Osaic, bolted this month to rival LPL Financial, more changes are coming for the company’s senior management team who report to CEO Jamie Price.

BJP on Sunday hailed Prime Minister Narendra Modi for the decision to bring a unified pension scheme for central government employees and hit out at the Congress, asking why it has not implemented its promise of bringing back the old pension scheme in Himachal Pradesh and other states where it is in power. Addressing a press conference at BJP headquarters here, senior party leader Ravi Shankar Prasad slammed Congress president Mallikarjun Kharge for his U-turn jibe at the Centre and said Prime Minister Modi is «sensitive» to public issues and takes decisions in public interest after careful consideration. The Modi government does not take «ad-hoc decisions», the former Union minister said and asked Kharge to tell the nation why his party has taken a «U-turn» on its poll promise of implementing the old pension scheme in Himachal Pradesh, Karnataka and Telangana after coming to power in these states. «The Congress has made the old pension scheme a massive issue in Indian politics over the last two years. So much so that the Congress made even Priyanka Gandhi Vadra announce during elections in Himachal Pradesh that the party will implement the old pension scheme in the state if voted to power,» Prasad said

Even as the trains start to chug again along Canadian railways, there are fears of another labour dispute among pilots at Air Canada grounding jets across the country in just a few weeks’ time.

Generative AI is evoking strong interest from clients and there is a huge mobilisation of GenAI within Infosys as well, CEO Salil Parekh has said, asserting that he does not foresee any layoffs in his company on account of these new-age technologies. On the USD 3.9-billion GST tax demand, Parekh said Infosys has already given out updates and made disclosures in the market (through BSE filing) and has no further update to share. «We have no new update. The status is as it was in terms of what we shared externally a few days ago,» Parekh said when asked if the company will be making provisions for the same, given the demand in back taxes dating back several years. In an interview to PTI, Parekh said there is a huge reception from clients on Generative AI and likened it to the adoption curve seen for digital and cloud technologies in the past.

This discovery, unearthed by Hansons Auctioneers in Lichfield, Staffordshire, captures poignant moments from the immediate aftermath of the tragedy that claimed over 1,500 lives. The Daily Mirror's front page from that day features a headline declaring, “One of the thousands of tragedies which made the Titanic wreck the most horrible in the world’s history.” Accompanying this are images of two women in Southampton – the departure port of the ill-fated ship – anxiously awaiting news of survivors. RMS Titanic, hailed as the largest and “unsinkable” passenger ship at the time, sank on April 14, 1912, after striking an iceberg in the North Atlantic. The disaster unfolded swiftly, with the ship going under in less than three hours, revealing a tragic shortfall in lifeboats for the approximately 2,220 people on board.

OBC and Dalit religious mutt heads have thrown their weight behind Chief Minister Siddaramaiah as he battles political and legal attacks over allotment of plots to his wife in Mysuru. About a dozen Swamis met the CM at his official residence in Bengaluru in a public demonstration of their support, seeking to send a message to the BJP & JDS as well as to the Congress leadership that their communities were with Siddaramaiah. The Opposition BJP and JDS which have been on a warpath with the ruling Congress demanding the CM’s resignation.

Omar Abdullah on Sunday claimed the PDP has copied his party's manifesto and asked the Mehbooba Mufti-led party to not field candidates against NC-Congress nominees for the betterment of Jammu and Kashmir as their agenda is the same. Abdullah's remarks came a day after Mehbooba said the Peoples Democratic Party (PDP) would extend complete support to the Congress-National Conference (NC) alliance and leave all seats in the elections for the coalition if it accepts her party's agenda. The former Jammu and Kashmir chief minister was addressing NC workers in central Kashmir's Ganderbal district, where activist Sayim Mustafa joined the party. Abdullah said the NC has prepared an extensive manifesto for the assembly polls which has been copied by other parties.

Arnab Das, Global Macro Strategist, Invesco, says we have to look further ahead and think about the American election. Many in the market are discussing the Trump trade versus the Kamala trade. The Trump trade further out might be lower growth, somewhat higher inflation than otherwise and the Kamala trade might be kind of a more reflationary trade, higher growth and somewhat higher inflation. Either way, the Fed would be more likely to be constrained Does a Fed rate cut in September inevitable or are there still question marks around it? Arnab Das: A September cut is extremely likely. Maybe, never say never, so not quite inevitable. But I think we have been moving in the direction of September cut for some time. Maybe the market has gotten ahead of itself in terms of the extent of the easing cycle. It had gotten ahead of itself a few times, I would say, in terms of when the easing would start, how deep the cuts would be, how fast and thick they would come.

Shiv Sena (UBT) leader Aaditya Thackeray on Sunday wondered whether the introduction of cheetahs at Kuno Park in Madhya Pradesh translated into the generation of revenue, claiming penguins in the Mumbai zoo boosted the income of the civic body. «One should find out how much revenue generated after cheetahs were translocated to India (in Kuno Park in Madhya Pradesh),» Thackeray told reporters. The former state minister claimed the introduction of penguins in the civic-run Veermata Jijabai Bhosale Botanical Udyan contributed to increased earnings for the Brihanmumbai Municipal Corporation (BMC).

JD Vance would go to St. Gertrude to meet the friar. It was a fitting place for the millennial aspiring politician, who was drawn to the Catholic Church's ancient ways. For years he had flirted with joining the church. Now he wanted to explore the desire in earnest. St. Gertrude Church was led by the Dominican Friars from the Province of St. Joseph, part of a religious order founded in 1216. Its sanctuary smelled of incense but felt modern, its concrete walls pierced with bright stained-glass rectangles in reds and blues.

Chandrayaan-3’s historic landing near the Moon’s south pole, solidifying India’s status as a leading spacefaring nation. This achievement has transformed global perceptions, but also spurred significant investment in India’s thriving space sector. Suraksha P examines the current investment trends and developments. Did Chandrayaan-3’s success attract investments for the Indian space sector? “The government had already laid the groundwork through policy reforms and the creation of IN-SPACe to actively encourage private sector participation. However, Chandrayaan-3 provided a decisive push that captured the world’s attention, significantly amplifying investor interest in the rapidly growing space sector,” Pawan Goenka, Chairman, IN-SPACe.

Supreme Court has agreed to look into the retrospective applicability of a provision in the Black Money (Undisclosed Foreign Income and Assets) Imposition of Tax Act, 2015, under which the revenue department can initiate criminal prosecution against businesspeople for violations that were allegedly committed much before the law came into force. A bench led by Justice Abhay S Oka, while issuing notices to various businessmen, stayed the Karnataka High Court's June judgment that held retrospective applicability of section 72 of the 2015 Act as unconstitutional. The apex court posted the matter for further hearing on September 20. On June 7, the high court had held that criminal prosecution initiated for acts done prior to the enactment of the law were not valid under Article 20 of the Constitution. The order was pronounced in the case of Dhanashree Ravindra Pandit.